IMARC Group, a leading market research company, has recently releases report titled “GCC Energy Drinks Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” the study provides a detailed analysis of the industry, including the GCC energy drinks market size, share, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
How Big is the GCC Energy Drinks Market?
The GCC energy drinks market is projected to exhibit a growth rate (CAGR) of 2.17% during 2023-2028.
What is GCC Energy Drinks?
Energy drinks are beverages formulated to boost energy levels, increase alertness, and improve mental and physical performance. Typically, they contain a combination of caffeine, sugars, amino acids, herbal extracts, and vitamins. Caffeine is often the primary active ingredient, providing the stimulant effect that makes these drinks popular for combating fatigue and enhancing focus. Some energy drinks also contain additional ingredients like taurine, ginseng, and guarana to amplify their effects.
While they are frequently consumed by young adults, athletes, and professionals to stay awake or enhance performance, it's important to exercise caution. High caffeine content and added sugars can lead to negative health effects like jitteriness, heart palpitations, and elevated blood pressure.
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What are the growth prospects and trends in the GCC energy drinks industry?
Changing lifestyles represents one of the key factors driving the growth of the market across the GCC region. This, coupled with rapid urbanization is acting as a major growth-inducing factor. With increasingly hectic schedules and a rise in dual-income households, there is a growing demand for quick and convenient sources of energy, which energy drinks readily provide. The market is also driven by the young and rapidly growing population, which forms a significant consumer base for energy drinks.
This demographic often seeks beverages that offer an immediate boost of energy, thus making energy drinks highly popular among them. In line with this, rising consumer awareness and branding are bolstering the growth of the market. Aggressive marketing strategies, celebrity endorsements, and event sponsorships are leading to heightened brand recognition. In addition to this, social media campaigns targeted at younger consumers are particularly effective in driving sales. The increasing use of supermarkets, convenience stores, and online retail platforms is making energy drinks easily accessible to consumers, which is enhancing their popularity, thus fueling the market growth across the GCC region.
What is included in market segmentation?
The report has segmented the market into the following categories:
Type Insights:
- Alcoholic
- Non-Alcoholic
End User Insights:
- Kids
- Adults
- Teenagers
Distribution Channel Insights:
- Supermarkets and Hypermarkets
- Specialty Stores
- Convenience Stores
- Online Stores
- Others
Country Insights:
- Saudi Arabia
- UAE
- Qatar
- Bahrain
- Kuwait
- Oman
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